The mood in the German economy deteriorated again in September. The Ifo business climate fell by 1.2 points to 85.4 points, according to the Ifo Institute in Munich. This is the fourth consecutive decline in the most important German economic barometer and the lowest level since January.
Economists had expected a further dampener in sentiment, but on average had expected a weaker decline to 86 points.
Recommended editorial content
Here you will find external content selected by our editors that enriches the article with additional information. You can display or hide the external content with one click.
I agree to the external content being displayed to me. This means that personal data can be transmitted to third-party platforms. You can find more information about this in the data protection settings. You can find these at the very bottom of our page in the footer, so that you can manage or revoke your settings at any time.
“The German economy is coming under increasing pressure,” commented Ifo President Clemens Fuest. Companies were less satisfied with current business in particular. In the manufacturing sector, sentiment had fallen to its lowest level since summer 2020, said Fuest.
More on the topic:
No purchase bonus for the time being How Habeck wants to help the car industry After the Intel disaster Are billions in subsidies for corporations a mistake? A region left behind? Where the East stands economically
